Metalite Resources Inc Stock Price, News & Analysis

RooGold Inc. has appointed Michael Singer to its board of directors, replacing Warren Robb, who is stepping down. Singer brings extensive experience in financial management and corporate governance, particularly in the pharmaceutical sector, and currently serves on the board of Aurora Cannabis Inc.. Additionally, RooGold issued 350,000 stock options with an exercise price of $0.30, which will vest over two years. The company is focused on mineral exploration in New South Wales, Australia, boasting a portfolio of 13 high-grade potential gold and silver concessions.

RooGold Inc. (CSE:ROO, OTC:JNCCF) announced the completion of a reconnaissance field trip to its Gold Belt, Trilby, and Lorne Concessions in Australia. The trip resulted in positive discussions with landowners and a total of 47 rock chip samples collected, primarily from the Trilby South area. RooGold is applying for the Peel South Concession (ELA 6429), which will enhance its land holdings along the gold-rich Peel-Manning Suture Zone. The company aims to expand exploration activities, leveraging the potential of the region known for significant gold deposits.

RooGold Inc. has announced the appointment of Carlos Espinosa as the new CEO, effective March 4, 2022. This decision follows the previous announcement on February 9, 2022, regarding leadership changes, with former CEO Michael Mulberry remaining as a Director. Espinosa expressed enthusiasm for leading RooGold, which has significant gold and silver assets in Australia. Concurrently, RooGold issued 1,000,000 stock options to directors and employees at an exercise price of $0.30, set to vest over five years.

RooGold Inc. announced the appointment of Carlos Espinosa as CEO, effective March 4, 2022. In 2021, the company consolidated a portfolio of high-grade gold and silver properties across 1,380 km² in New South Wales, Australia, with 137 mineralized showings. For 2022, RooGold plans field reconnaissance on six priority concessions, investing AUD $325,000 in Year 1 and AUD $650,000 in Year 2. The acquisition strategy emphasizes reducing exploration risk by holding 100% ownership of all properties, aiming to enhance shareholder value through targeted exploration.

RooGold Inc. has announced the appointment of Carlos Espinosa as the new CEO, effective March 4, 2022, succeeding Michael Mulberry, who will remain on the Board. Espinosa brings over 25 years of mining and capital markets experience, having formerly served as President & CEO of Monarca Minerals and CFO of Fredonia Mining. Alongside this management change, the company has issued 750,000 incentive stock options with an exercise price of $0.25, vesting over two years. The Board expresses gratitude to both Mulberry and outgoing director Yana Borovskaya for their contributions.

RooGold Inc. has appointed Alexandra Bonner as the new Chief Operations Manager. With over 17 years of experience in exploration, mining, and corporate roles, Bonner is set to advance RooGold's promising projects in New South Wales, particularly in the New England and Lachlan Fold Belt. She has a notable track record in managing joint ventures and regulatory approvals. CEO Michael Mulberry expressed confidence that her expertise will enhance the company's operations and accelerate resource growth.

RooGold Inc. (OTC:JNCCF) has successfully closed its agreement to acquire Roo Private Co. and its subsidiary, Great Southern Precious Metals Pty Ltd., which controls nine exploration properties in New South Wales. These properties historically produced high-grade gold and silver, with grades reaching up to 384 g/t Au and 1,200 g/t Ag. The acquisition included issuing 20 million common shares to Roo Private Co. shareholders, who have agreed to a staggered lockup period for the shares, releasing 25% of them on specified dates through August 2023.

RooGold Inc. has successfully closed a second tranche of its non-brokered private placement, issuing 2,399,500 Units at $0.25 per unit, raising $599,875. Each unit includes a Common Share and a half Warrant, allowing additional shares to be purchased at $0.40 for two years. Funds will support phase 1 exploration of RooGold's Australian properties and general working capital. The company engaged Stockhouse for a 12-month investor awareness program at $120,000. RooGold is focused on mineral exploration in New South Wales, holding a portfolio of 13 high-grade properties.

RooGold Inc. (OTC PINK: JNCCF) announced a partnership with CanaCom Group for digital content and marketing services aimed at increasing market exposure. This engagement, lasting 12 months, includes a monthly payment of $18,750. CEO Michael Mulberry emphasized the need for raising awareness following the company's transformative acquisitions in 2021. The collaboration seeks to leverage CanaCom's expertise in promoting undervalued stories within the Canadian capital markets. Forward-looking statements suggest potential risks and uncertainties in achieving these marketing goals.